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Instrumentation And Sensors
Spectroscopy
REPORT HIGHLIGHTS
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The total U.S. spectroscopy market by application was worth $4.9 billion in 2009. This market is expected to increase by a compound annual growth rate (CAGR) of 6% to reach $6.5 billion in 2014.
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Pharmaceuticals, the current application market leader, had a 2009 value of more than $1 billion. This market is expected to grow at a compound annual growth rate (CAGR) of 6.1% to reach $1.4 billion in 2014.
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Molecular spectroscopy is a large market that in 2009 was estimated to be about $1.8 billion. It should expand at a compound annual growth rate (CAGR) of 6.1% to nearly $2.4 billion in 2014.
REPORT SCOPE
INTRODUCTION
STUDY OBJECTIVES
Spectroscopy is the science of measurement and interpretation of electromagnetic spectra. Emissions and absorption of such spectra can be measured and used in a number of different ways to identify and determine physical characteristics of materials. Thus, this is an important commercial as well as academic science, and the market for spectroscopic instruments is a multibillion-dollar one in the United States, and an even larger market worldwide.
This is an update of an October 2006 BCC Research report on the subject by the same author. BCC Research’s goal in conducting this study is to provide an overview of the science of spectroscopy and of the wide-ranging market for spectroscopic instruments.
This market certainly is not new, but it is very enduring. One of the main objectives is to examine present and future trends of the instruments manufactured. The study was conducted to define the different spectroscopy types and their instruments, and to determine, estimate, and forecast the different market sizes, both by the various types of spectroscopy and by their primary markets.
The report begins with some basic principles that underlie these technologies, and then BCC Research estimates and forecasts their markets for instruments over a 5-year period from 2009 to 2014. Our goal is to describe the products and markets for instruments used in spectroscopy, the factors affecting these markets, and how those markets are likely to change.
In addition, there is a discussion of the industry in general and the companies that make and sell these products. A key objective of this study is to present a comprehensive analysis of the current spectroscopic instrumentation market and its future direction, with an emphasis on newer techniques and products.
As previously noted, spectroscopy is highly technical, and its products and markets are large and diverse. The industries and applications that are covered are discussed below in the section “Scope of Report.”
REASONS FOR DOING THIS STUDY
The U.S. analytical instrument market is changing constantly, primarily through introduction of new products. Several factors contribute to changes in the U.S. market; these include research and development (R&D) and quality assurance and control (QA/QC) spending, increasing competition, new technologies, the increasingly global marketplace, and a changing and diverse customer base.
This study looks at these factors and a number of the analytical instrument markets affected by them. This is a very complex market in which many technologies often are combined to produce a better instrument. Many of them are for niche markets with very specialized applications. This creates a very diverse industry and one that is rather difficult to easily segment, characterize, and categorize.
In addition to old standbys like infrared (IR) and ultraviolet (UV) spectroscopy, newer and combined (often called “hyphenated”) technologies are adding to the market. The most used combinations, and the ones that BCC Research and most others call hyphenated, are the combining of gas/liquid chromatography with mass spectrometry (called GC-MS and LC-MS).
This report covers corporate strategies in these competitive markets, strategies that strive to develop and market better instruments, and thus obtain a better market position; this is often accomplished via mergers, acquisitions, and collaborations. The study discusses strengths and weaknesses of analytical instrument R&D in light of new technologies, growing competition, and changing customer needs.
It examines the science and markets from the points of view of both manufacturers and users, and presents the various types of spectroscopy and technologies involved with their instrumentation. Also included are some regulations governing use, technological descriptions and issues, applications, a U.S. patent analysis, market factors, and potential and estimated U.S. markets for 2009 and 2014. There is a compilation of information on new products and new technologies in the spectroscopic instrument industry.
INTENDED AUDIENCE
This report is intended to assist those involved in several different segments of the U.S. industrial and commercial spectroscopy business. These organizations and personnel include those involved in the development, formulation, manufacture, sale, and use of spectroscopic instrument. It also is intended for those in ancillary businesses such as analytical materials and additives regeneration.
This audience includes process and product development experts, process and product designers, purchasing agents, laboratory and operating personnel, marketing staff, and top management. BCC Research believes this report will be of great value to technical and business personnel in the following areas, among others:
- Marketing and management personnel in companies that produce, market, and sell spectroscopic instruments and ancillaries
- Companies involved in the design and manufacture of these instruments and ancillaries
- Financial institutions that supply money for these facilities
- Personnel in end-user companies and industries, a wide-ranging panoply of industries involved in biotechnology, environmental, food and beverage, what can be called industrial chemistry (including petroleum and petrochemicals), materials, pharmaceutical studies and manufacture, academic and industrial laboratories, and companies that make consumer and household products
- Personnel in government at many levels, primarily federal, but also state and local environmental and other regulators who must implement and enforce laws regarding water and air quality, etc.
SCOPE OF REPORT
This study covers many of the most important technological, economic, political, and environmental considerations in the U.S. spectroscopy industry. Primary markets covered here are chemical and related analyses, not the astrophysical applications that are the other principal uses for spectroscopic science.
Primarily, it is a study of U.S. markets, but because of the global nature of chemistry and instrumentation, it also touches on some noteworthy international activities. They mainly are the ones that can have an impact on the U.S. market, such as imports/exports and, increasingly, foreign firms that operate here.
All market value forecasts are given in constant 2009 dollars, and all growth rates are compounded (CAGR = compound annual growth rate). Market values are rounded to the nearest million dollars. Because of rounding to the nearest million, some growth rates may not agree exactly with figures in the market tables, especially for small values.
This report is segmented into 11 sections, of which this is the first.
The Summary encapsulates findings and conclusions, and includes a table depicting sales by application.
Next, there is an Overview of spectra and spectroscopy, with some definitions and history of the science, and an introduction to the many different types of spectroscopy. Its intent is to introduce the reader to the field of spectroscopic analysis.
SCOPE of report (Continued)
Following is a section on the different types of spectroscopic analysis: bulk, mixture, surface, and spectroscopic microanalysis. Included are market estimates and forecasts for these different types.
The next section discusses, estimates, and forecasts markets for spectroscopic instruments by the different types of spectroscopy (as contrasted with the types of spectroscopic analysis covered in the previous section). The market is subdivided into sections for each of the major spectroscopy classes. Market estimates and forecasts are for base year 2009 and forecast year 2014, all in constant 2009 dollars.
Then there is a discussion and forecast of the markets for spectroscopic instruments by their typical applications. These applications are broken into six main groups: biotechnology, environmental, food and beverage, industrial chemistry, materials, and pharmaceuticals; there also is an “other” category for applications that do not fit into the main six. Again, the estimates are forecasts for base year 2009 and a 5-year forecast to 2014 in constant 2009 dollars.
The section to follow is devoted to technology, with an emphasis on both established and new spectroscopic technologies. Although the basic principles of most types of spectroscopic analysis have been well known and practiced for some time, there are continual R&D efforts to improve upon them. New developments and techniques for several of the major types of spectroscopy are discussed.
The next section covers the structure and activities of the spectroscopic industry, with emphasis on industry classification, the active mergers and acquisitions (M&A) business, marketing and competitive factors, and major domestic producers and suppliers. There is a brief look at some international aspects of the spectroscopic instrument business, including the global nature of the business and major foreign-owned supplier companies operating in the United States.
The section to follow covers some important facets of government influence and regulations. Spectroscopy and the use of its instruments are regulated in several ways, including being specified for applications for many mandated assays and analytical procedures for pharmaceuticals, food products, and others. We discuss some of the different types of spectroscopy that are specified for several important procedures and products.
The last narrative section consists of profiles of those supplier companies that BCC Research considers to be among the most important in these businesses. There are many more companies that operate in one or more niche markets, but in BCC Research’s opinion, are not important enough to be considered major producers and suppliers.
The report finishes with an Appendix containing a glossary of some important terms, abbreviations, acronyms, etc., used in the spectroscopy and spectroscopic instruments business. Many of these are common terms used in chemistry and physics, some of them quite basic but necessary for an understanding of the industry and the science behind it. This glossary contains definitions and explanations for many of the most important abbreviations and acronyms. It is assumed that most readers have had at least an initial introduction to chemistry and physics, and understand the principles of chemical and other technical nomenclature.
For consistency in style and format, trade names are indicated by initial upper-case letters, while generic terms and names are in lower case. Because many chemical and other technical names are long and complicated, BCC Research also uses abbreviations, acronyms, or chemical formulas, all of which are explained at first use and further defined in the Appendix glossary. Because spectroscopy categories usually have long names like nuclear magnetic resonance (NMR), common acronyms are usually employed, such as NMR. All such acronyms are in capital letters.
To summarize, the basic scope of this study encompasses the major types of spectroscopy used in the analytical industry, that is, the analysis of chemicals and other materials. BCC Research analyzes each technology and discusses manufacturers, new products, market projections, and some market share information. Also covered are technological issues, including the latest trends and some new technologies. Discussions and market estimates and forecasts are for U.S. markets.
METHODOLOGY AND INFORMATION SOURCES
Searches were made of literature and the Internet, including many of the leading trade publications and patents, as well as technical compendia and government publications. Much product and market information was derived, whenever possible, from the companies involved. Information for corporate profiles primarily came from the companies themselves, especially the larger publicly owned firms. Other sources included directories, articles, and Internet sites.
AUTHOR'S CREDENTIALS
Dr. J. Charles Forman has more than 50 years of chemical engineering and business experience in the healthcare industry, leading a major not-for-profit educational association, and as an independent analyst and technical writer. He is well versed on the worldwide chemical process industries (CPIs), with specialization in healthcare, petroleum and petrochemicals, specialty and agrochemicals, plastics, and packaging. He has written many market research reports for BCC Research on subjects including polymers and plastic packaging, petroleum processing, healthcare policy and products, food and feed additives, chemicals/ petrochemicals/specialty chemicals, pesticides, and biotechnology.
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DISCLAIMER
Neither the author nor BCC assumes any responsibility for the information in this report or for its use. All material in this report is intended to be as reliable as possible at the time of publication and was gathered, analyzed, and written in a professional manner. This information does not constitute managerial, legal, or accounting advice; nor should it serve as a corporate policy guide, laboratory manual, or an endorsement of any product. The author assumes no liability or responsibility for any loss or damage that might result from any reliance on materials or information developed and presented in this report. Much of the information developed and presented, especially the market table estimates and forecasts, is of a speculative nature.
RELATED REPORTS
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REPORT TOC
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